●Shares of Glenmark Pharma fell more than 5.8% after the USFDA put the company's Baddi facility on import alert 66-40 after inspections in June.● As of FY2022, the plant's US sales make up 1–2% of total sales.● Glenmark Pharma stated that it will work with the USFDA as soon as possible to resolve the import alert.
● Dabur acquires major stake in Badshah Masala.● With the Badshah company valued at 1,152 crore, Dabur is acquiring a 51% share in it for 587.52 crore, less proportional debt as of the closing date.